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Highland Electric Raises $235M, Lands Biggest Electric School Bus Contract in the US


Electric school buses don’t just eliminate the carbon and pollution emissions of their diesel-fueled counterparts; they also cost less to fuel and maintain over the long haul. 
Unfortunately for cash-strapped school districts, the upfront cost to purchase an electric school bus is still more than twice as much as the cost of a diesel bus today. And that’s not counting the cost of new charging infrastructure or the risk that those charging costs may drive a district’s electric bills through the roof. 
Highland Electric Transportation says it can remove those barriers for school districts and transit authorities by taking on the financing and management of an EV school bus fleet in exchange for a fixed annual leasing fee. In the past week, the Hamilton, Mass.-based startup has won two votes of confidence in its business model.  ....

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Biggest Electric School Bus Deal in US Approved in Maryland


Biggest Electric School Bus Deal in US Approved in Maryland
A SAF T- Liner EC2 electric school bus, manufactured by Thomas Built Buses. (Krisztian Bocsi/Bloomberg News)
A school system outside Washington is poised to become the nation’s biggest operator of electric school buses.
The Board of Education in Maryland’s Montgomery County voted unanimously Feb. 23 to approve a 16-year, $169 million contract to lease 326 buses, part of a plan that could result in the county replacing its entire 1,422-bus fleet over the next two decades.
The deal represents the largest municipal government order of any kind for buses, according to Monique Harris, a spokeswoman for Advanced Energy Economy, a business association that promotes clean energy use. ....

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